{"id":556059,"date":"2026-03-23T21:19:25","date_gmt":"2026-03-23T21:19:25","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/556059\/"},"modified":"2026-03-23T21:19:25","modified_gmt":"2026-03-23T21:19:25","slug":"feds-goolsbee-says-hes-worried-about-inflation-in-fraught-but-intense-climate","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/556059\/","title":{"rendered":"Fed’s Goolsbee says he’s worried about inflation in ‘fraught but intense’ climate"},"content":{"rendered":"

\"Watch<\/p>\n

Chicago Federal Reserve President Austan Goolsbee said Monday that he’s more worried about inflation now than he is unemployment, even with apparent progress made on the war with Iran.<\/p>\n

In a CNBC interview, the central banker said policymaking is difficult in the current environment. He spoke shortly after President Donald Trump<\/a> announced that progress had been made<\/a> in negotiations with Iran and that further attacks on energy infrastructure would be halted for five days as talks continue.<\/p>\n

“The most important thing is to figure out the through line of what is happening,” Goolsbee said in a “Squawk Box<\/a>” interview. “What makes this a fraught but intense moment is nobody can tell us what is going to happen on the ground in the conflict in the Middle East, and how long that lasts.”<\/p>\n

Goolsbee had dissented on a rate cut in December and said he agreed with the majority to hold short-term rates steady<\/a> at the January and March meetings of the Federal Open Market Committee<\/a>. He is not an FOMC voter this year but will vote again next year.<\/p>\n

Following Monday’s war news, traders, in volatile market action, upped bets of a rate hike by the end of the year but still expect a cut in 2027. Stocks spiked higher<\/a> and oil prices<\/a> plunged.<\/p>\n

FOMC officials last week indicated a majority still expect a cut this year<\/a> and another the next. However, Goolsbee said that his inclination will depend on the progress of inflation, and he cautioned against “a repeat of the team-transitory mistake” where the Fed underestimated the severity of inflation in 2021.<\/p>\n

“I remain fairly optimistic that by the end of ’26 rates could go down, but I wanted to see proof that we’re back on an inflation headed to 2%. This [war] definitely throws a wrench into the plans. We do need to see progress,” he said.<\/p>\n

Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Chicago Federal Reserve President Austan Goolsbee said Monday that he’s more worried about inflation now than he is…\n","protected":false},"author":2,"featured_media":556060,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[202223,45800,879,6826,45,161,49,48,1377,1376,46,9316,206291,195739,189647,5897,67813,206616,195736,14829,195735],"class_list":["post-556059","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-lco26q","tag-austan-goolsbee","tag-breaking-news","tag-breaking-news-economy","tag-business","tag-business-news","tag-ca","tag-canada","tag-donald-j-trump","tag-donald-trump","tag-economy","tag-interest-rates","tag-invesco-db-commodity-index-tracking-fund","tag-invesco-db-oil-fund","tag-invesco-qqq-trust","tag-iran","tag-ishares-20-year-treasury-bond-etf","tag-ishares-tips-bond-etf","tag-lp","tag-prices","tag-united-states-oil-fund"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/556059","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=556059"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/556059\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/556060"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=556059"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=556059"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=556059"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}